Brett White Brings Significant Experience and Leadership to ACRE Board
CHICAGO--(BUSINESS WIRE)--
Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today
that it has appointed Brett White to its Board of Directors. Mr. White
was Chief Executive Officer of CBRE Group, Inc. (NYSE:CBG), a member of
the S&P 500 Index and the world’s largest commercial real estate
services and investment firm, based on 2012 revenue. Mr. White joined
CBRE Group, Inc. in 1984, held various leadership positions beginning in
1997, and served as its CEO from 2005 until his retirement in 2012,
after which time he joined Blum Capital Partners, L.P., as a Managing
Partner.
“We are very pleased to bring to our Board such an accomplished
commercial real estate executive with three decades of experience and a
long track record of building a world class organization,” commented
John Bartling, Chief Executive Officer of Ares Commercial Real Estate
Corporation. “We believe Brett’s guidance and insight will be invaluable
to the growth of our business.”
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance company
that originates, invests in and manages middle-market commercial real
estate loans and other commercial real estate investments. Through its
national direct origination platform, Ares Commercial Real Estate
Corporation provides flexible financing solutions for middle market
borrowers. Ares Commercial Real Estate Corporation intends to elect to
be taxed as a real estate investment trust and is externally managed by
an affiliate of Ares Management LLC, a global alternative asset manager
with approximately $59 billion in committed capital under management as
of December 31, 2012. For more information, please visit our website at arescre.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or our future performance or
financial condition. These statements are not guarantees of future
performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in our filings with the Securities and
Exchange Commission. Ares Commercial Real Estate Corporation undertakes
no duty to update any forward-looking statements made herein.
Ares Commercial Real Estate Corporation
Carl Drake, 404-814-5204
[email protected]
Source: Ares Commercial Real Estate Corporation
